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Friday, November 8, 2024

Louisiana's miscellaneous tax revenues up 27.6% in Q2 2022

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Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Louisiana collected $157 million in miscellaneous tax revenue during the second quarter of 2022, a 27.6% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $123 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 2022 Louisiana Tax Collections

Type of TaxAmount (millions)
Property Taxes$7
Sales and Gross Receipts Taxes$2,180
Income Taxes$1,957
License Taxes$280
Miscellaneous Taxes$157

Source: U.S. Census Bureau

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